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obama delivered his sports date of the union address in about an hour last night. -- his first state of been in address. he got interrupted more than 70 times by applause. it was the 222nd state of the union by a u.s. president. he spoke about gun laws, new spending on education, increasing the minimum wage, creating new private-sector- public partnerships. there was a response from marco rubio and another from rand paul. we will get your reaction to all of this. 202-585-3882 for all others. reach us on twitter or facebook, or send us an e-mail. let's go through the headlines in the national papers this morning. pierce "usa toda -- here is "usa today" -- and then here is the "washington times" -- and the new york times -- the wall street journal -- the washington post -- we are getting your reaction this morning on the washington journal for the first hour. what did you think of the speech, the proposals, and the republican response as well? later on, a line of lawmakers for their reaction and to take your comments. our first phone call is joe in georgia, republican. caller: thank yo
is and what he is up to. it is especially important when this obama administration has bragged that they're the most transparent administration in history. but we sure didn't see much transparency this weekend. hey, folks go out and have a great one. come back and see us tomorrow. [♪ theme music ♪] >> stephanie: hello, current tvland here we are back on the tv. look at us. we did a regular horse drawn television show yesterday. i felt like nicole kidman. >> i miss you already. >> stephanie: i miss you too. we're going to have a jacki's healthcare corner today. people are on the edge of their seats saying what time is jacki going to be on? >> there is a great reporter and good friend and it was some great stuff. >> stephanie: jacki's healthcare corner. now here she is in the current news center. >> president obama is back in washington today. he is going to give a speech at 10:45 urging congress to avoid the spending cuts that will kick in on friday. any spending cuts need to be coupled with an increase in revenue. the white house has invited emergency workers to appear
." >>> congress did it, congress can undo it. president obama is warning of dire consequences for all of us in lawmakers don't act quickly. we're talking about those forced budget cuts that take effect march 1st, slashing $85 billion from spending across the board this year. but with just ten days left, the consequences are backing more alarming. president obama outlined some of them today, told congress, let's make a deal while there is still some time. >> my door is open. i've put tough cuts and reforms on the table. i am willing to work with anybody to get this job done. none of us will get 100% of what we want. but nobody should want these cuts to go through because the last thing our families can afford right now is pain imposed unnecessarily by partisan recklessness and ideological rigid tea here in washington. visually, the president tried to make that point by having law enforcement officers standing behind him. many of them could lose their jobs. our joe johns is covering that with the different ways that the budget cuts could directly affect you. we also have renee marsh covering
the system. we run a risk in deciding if the obama administration has been tempted to say we don't want to be the hegemonic provider of security at these public goods to the world. let this be another big player at the u.n., but another belly up to the bar player at the u.n. in turtle bay. let's let the collector worry about it. they will worry about it and waste damaging to us. the most important thing is that the u.s. doesn't understand a guarantee system as an act or from the outside, the consequences going to be a scramble among scared and worried racing great powers who we all should fear we come to in south china sea. post rss if you were the last two u.s. ambassadors to the u.n. >> host: the last two ambassadors. well, here's the thing. john bolton was excoriated as someone who despise the u.n. that you could chop off the top seven or 10 stories that no one would ever notice there at its headquarters. >> host: do you agree with that statement? >> guest: i agree about 80%. as somebody said, i've actually found found it quite conciliatory and the message is american liberals need t
with strategists from president obama and mitt romney. secretary of state john kerry is calling on congress not to make senseless reductions in foreign aid to automatic spending cuts scheduled to begin march 1. the secretary spoke at the university of virginia in charlottesville. he was introduced by virginia senator tim kaine. this is an hour. [applause] >> thank you very much. thank you so much. hello, uva. it is great to be back on the grounds. i want to say to president sullivan what a treat it is to be here with you. thank you for hosting this great occasion. to my friend robert hurt, served with him in state government and now we travel to washington together. i look forward to good work together, especially if on this occasion to introduce secretary kerry and to introduce uva to the secretary. as i walked onto the stage i had a memory. on this stage with my dear friend, uva board member alan -- in a debate for lieutenant governor, a primary debate for lieutenant governor in the february of 2001. the first debate i've ever been in as -- >> [indiscernible] [laughter] >> so good to have
. >>> first lady michelle obama says she will challenge jerry brown and the rest of the nation's governors to make it easier for military members to get jobs after leaving combat. she plans to make the big announcement today after a white house meeting. mrs. obama wants states, including california, to pass legislation allowing veterans to get professionals credentials or licenses based on their military experience. 60,000 american troops are expected to come home from afghanistan by 2014 and the obama administration said they will need jobs when they get here. >>> also, last night, first lady michelle obama made a surprise appearance at the academy awards. >> and the oscar goes to -- "argo." congratulations! [ cheers ] >> "argo" won the night's top prize for best picture. that film directed by ben affect and produced by -- ben affect and produced by george clooney won. other big winners of the night at the oscars included -- jennifer lawrence for best actress in "silver lining's playbook." daniel day-lewis for "lincoln" >> coming up at 7:38. we'll bring you a live report from hollywood. >
to produce good citizens, i join president obama today in asserting with urgency that our citizenry deserves a strong foreign policy to protect our interests in the world. a wise investment in foreign policy can yield for a nation the same return that education does for its students. no investment that we may that-- make that is as small as this investment put forward such a sizable benefit for ourselves and for our fellow citizens of the world. that's why i wanted to have this conversation with you today, which i hope is a conversation that extends well beyond the borders of charlottesville, will be on this university, to all americans. when i talk about a small investment in foreign policy in the united states, i mean it. not so long ago, someone told the american people and asked how big is our international affairs budget? most said 25% of our national budget. they thought it ought to be pared back to 10% of our national budget. let me tell you, i would take 10% in a heartbeat, folks. because 10% is exactly 10 times greater than what we do invest in our efforts to protect america around
presidential candidate possible marco rubio will give the republican response to president obama's state of the union address next week. at this, he'll deliver his response in both english and spanish. let's discuss what's going on in our strategy session. joining us, the democratic strategist, paul begala and alex castellanos. alex, what does that say to you that the senators have picked marco rubio? [ speaking in spanish ] >> i think it's a great idea that they are putting him up against a new generation of democrat. barack obama moved the ball forward for democrats and now you're seeing the next generation of republicans step up. he's one of our most talented republicans but also represents new ideas. he's what we would call a bottom up republican. grow the economy up from the bottom up, not top down. >> the fact that he's going to do it in spanish as well, that will appeal to some latinos and hispanics out there? >> absolutely. it's a terrific choice. he's an outstanding speaker. i've seen him speak and he is powerful and mesmerizing. but i think he's made two different primaries. fi
, it is a goal. certainly, that is what president obama said he supports, that someday -- probably not in this lifetime, but some day we should hope for a world that would be free of nuclear weapons. i have heard you say that you agree with those two statements prepared but do you also agree that as long as nuclear weapons exist, we have to maintain a safe, secure, and effective nuclear arsenal to deter any adversary? >> yes, completely, absolutely. i have never had any position but that. as i indicated this morning and this afternoon, i will continue to take the position. as i said in my opening statement and an answer to other questions, our nuclear deterrent has probably been the core of keeping world peace and avoiding a world war iii. as long as there is the threat of nuclear weapons, and like you noted and president obama noted in his speech in 2009, it probably will not happen in our lifetime. but just as you noted, and in senator read's comments about what president reagan laid on the cape -- on the table in 1986, we need to keep working on it and moving forward and temptin
, and they have at the most popular politician in the country behind their back. president obama said he is ready to work with them. notably he and former president bill clinton had become more eager to get ahead, more progressive, vs senate democrats. you've got to be ready to compromise a little bit with the other elements of congress in the coming months. you are going to have defections when it comes to gun control, immigration, and what we may have to do with a fiscal policy. host: you touch on that point, an unlikely ally for house democrats, the speaker of the house, john boehner. guest: that is something that many democrats have pointed out. he made -- he may need them to get some of these bills passed. as he did with the debt ceiling vote. as he did with the bill for hurricane sandy victims. as it came with the fiscal cliff agreement. i see that as a possibility with a gun control and immigration, because while republicans cannot be eager and willing to discuss the issues, pulling suggest that the house may have to pass something. i will meet democrats. host: -- they will need democrats.
is reporting this morning that the obama administration is responding today to recent reports that the chinese government is tied to a large number of cyber attacks on the u.s.. if the administration released a report that it will consider fines and other trade actions against china or any other country guilty of cyber espionage. we will continue to follow that story and bring you any remarks that may come out from administration officials today. the supreme court is expected to hear arguments in late march in two prominent cases that could test the bounds of laws restricting gay marriage. authors of "recently released book some day marriage recently debated the issue at harvard university. it is and about how to by the federalist society at harvard. this is one hour. >> thank you. richard fallon is the junior professor of constitutional law at harvard law school. he also earned a ba degree from oxford university, where he was a rhodes scholar. he served as a law clerk to justices of the united states supreme court and has written extensively about constitutional and federal courts law. he is
to have you on the show. we will see you in a bit. > > thanks for having me. president obama turns up the heat on members of congress to avoid automatic cuts to federal funding that could start by the end of next week. the deadline was created to help settle the debt ceiling crisis in 2011. but as our cover story explains, so far, sequestration has become another term for a stalemate. standing among first-responders who'd face cutbacks statrting march first, president obama called sequestration "a meat cleaver approach." "these cuts are not smart, they are not fair, they will hurt our economy, they will add hundreds of thousand of americans to the unemployment rolls. this is not an abstraction; people will lose their jobs." automatic cuts in federal funding were meant to scare congress into compromise. at risk, fema grants to pay firefighters during disasters, loan guarantees to small businesses, fewer food inspectors, border patrols, and air traffic controllers, to name a few. "i've never taken the sequester seriously. it's a gimmick to reach agreement." economics professor lawrence
of greece? check out the front cover of the latest addition. "we follow president obama's plan, the u.s. will be in worse shape than greece is today." it will take 25 years, maybe sooner. the federal debt is the problem. we have to make serious spending cuts now. we could be like greece. interesting. and frightening. tracy: nobody is cutting anything any time soon. what do they drink in greece? ashley: -- tracy: okay. get that out. revealing illegal immigrants would be allowed to come and become legal permanent residents. marco rubio had this to say. >> it would be dead on arrival in congress, leaving us with unsecured orders and a broken legal immigration system for years to come. no surprise. lou dobbs is here and has something to say about this. lou: i am not riled up, by the way, at all. this is entirely to be expected. the bipartisan plan, which they almost have complete. they have not been paying attention for the past four and a half years. this is a partisan issue. the republicans clamoring as best they are darling little hearts can do to catch up. they are not doing so. i am
will shake out. it's just the beginning of the term for mr obama, which i am really glad that we have a black president for the first time and that is doing a really great. great i do approve democracy 100%. i am a democrat. in regard to the two points. are you still there? host: a if you could get to the minimum wage. caller: bringing to the minimum wage up to $9 and ours is kind of high. -- $9 an hour. if we look at an increase of $1.50, that's a burden to employers, even if you have one employee. we have seen increases in the minimum wage throughout history. typically it does not go up a whole dollar. it does not make much sense in regard to the cost of living and [indiscernible] . it's not going to help. i think the minimum wage needs to be increased. it should not be more than 95 cents. there are a lot of rules. host: i think we get your point. dawn is in florida. caller: i totally support the increase in minimum wage. i work for fortune 500 grocery chain that's in the top 100. i make $9 an hour. they make billions a year. i an a cashier.i sca i scan food all day that i cannot afford to
'm tempted to describe president obama's spending and tax ideas as small ball, but they're worse than that. they represent a conscious decision to neglect some of the most pressing issues that confront our country. you might even say it's a dereliction of duty in the battle to save america. last week, the congressional budget office projected that our gross national debt will increase from $16 trillion in 2012 to $26 trillion in 2023. now, that may seem like a long way off, but just since president obama has been president, the national debt's gone up by 55%, just in the last four years. but if you project that forward to 2023 when some of these young men and women who are working here as pages will be looking at entering the work force and looking at their futures, all they will see ahead of them is debt and a reduced standard of living. this is what lies ahead for all of us unless we embrace real spending cuts and unless we deal with the unfunded liabilities of medicare and social security. now, president obama has a secret strategy for getting our debt under control, we'd all love to he
are not expecting congress to come up with an agreement. there has been a focus on what can president obama do? keystone is not the only thing we're talking about in the united states. there has been new regulation proposed. that will be where we can make an executive order happened urate also the executive opportunity does extend to keystone. the president has an opportunity there. looking at existing carbon pollution and united states, we have to tackle that. we look at keystone as future carbon emissions. the opportunity here is for the country to work on their climate target together. this should not be a finger pointing exercise. can canada and the united states meet their targets? i think canada has further to go but that can be done. >> the canadian government has said they're going to come out with regulations for the oil and gas sector. we are waiting to see what they are. if they came out with strong regulations that would meet those targets, what groups like yours say that is great? would it make any difference to the opposition to this project? >> we are interested in time a policy
. >> facing a friday deadline of billions of spending cuts known as the sequester, president obama held a conference here in washington. speaking at the white house, the president said congress can avert a sweeping, across-the- board cuts with "just a little compromise." key is joined by vice president joe biden at this event. -- he is joined by vice president joe biden at this event. [applause] >> thank you. thank you. i tell you what, i did not know jack was as good as he is. jack, if you had done that -- jack, if you had done that, i would be introducing you hear. thank you but all, very, very much. you are all much more disciplined than the place that i lived for 36 years up on the hill. you run ahead of schedule. the president is with me. thank you for being here. we have a lot to work done, from fixing a broken immigration system to rebuilding our nation's infrastructure to this new board everyone in america is learning about "sequester." this town, unlike maybe your capitols, is i hope temporarily frozen and not stopped in intense partisanship, the likes of which i have only seen
and president obama are a good team, that is what matters. i don't worry so much about his policy positions one way or another. but the fact that they feel that they can be a good team together, that is important. unless the president nominate somebody who is just, in my mind, unqualified or something. i tend to think the leader should be about who he wants. >> thank you, general. [applause] .. we need yours poured and we need your input. and so we changed a few things about the board meeting. we shorten them considerably. we stayed away from the details or to get in on the weeds of how you build a car, but the bigger questions of financing, morale, positioning marketing. the board is very supportive of that and we kept them informed and we just took off. >> up next, fred kaplan tax about general david petraeus and his advisers transferring the military to face my wars against insurgents and terrorists. he spoke at the library in louisville, kentucky for an hour. [applause] >> thank you. thanks for coming out. so i writes a column called war stories. the word for it is in the subtitle of my boo
and president obama are a good team, that is what matters. though much worry about his policy positions one way or another because he will be a policy maker. the president's policies will go but the fact that the field that they can be a good team, to me that is the important thing. allows the president nominates somebody who is just, in my mind on qualify for something, i tend to think a leader should get to they want because we will hold him responsible for it. >> thank you, general mcchrystal. we have to stop now. [applause] thank you. >> primetime continues in a few moments with dr. fred kaplan on how the chain's u.s. military strategy from his book the insurgents. in an hour we look back at the gulf war and a collection of essays by journalists, government officials, and scholars. and jewelry year retired general mcchrystal on his memoir. several events to tell you about tomorrow. says >> the communism of china basically is communism in name only these days and preserves the power of the members of the communist party, but they basically, through -- opening the country up and now it has be
is hopeful and our journey goes forward. the state of our union is strong. >> tuesday, president obama delivering this year's address live on c-span with the preview program starting at 8:00 p.m. eastern and the president at 9:00 followed by the gop response and your reaction. tuesday night on c-span, c-span radio, and c-span.org. >> the chairman of the senate armed services committee has scheduled a vote on chuck kindle's nomination to be defense secretary. senator carl levin says he tends to look after committee discussion. senator lindsay grahm said he would hold up the nomination until they get more information from the obama administration about the benghazi consulate attack. the defense department held a farewell ceremony for outgoing defense secretary leon panetta on friday in fort myer, va.. he will remain in office until the senate confirms his successor. ♪ [applause] >> prepare for review. ♪ doodle dandy"] ♪ >> please stand for the playing of the united states's national anthem. >> present. >> present. >> present arms. >> present arms. star-spangled banner"] ♪ >> plea
. nemo dumped up to three feet of snow in some areas. president obama has declared connecticut a disaster area, which makes it eligible for federal aid and at least 15 deaths are blamed on the storm. travel delays are easing. amtrak says it will have limited services in new york and boston. it's not the typical story you hear about in the u.s. in february as tornados tear through mississippi. >>> three companies biggest investors have joined southeastern management's objecting to the deal. but the latest edition, 14% now say they'll vote against the buyout. as far as dell's stock is concerned in frankfurt, it is still up 2%. >> eric schmidt is cashing in. the google claim has filed to sell 42% of his shares in the company. he will sell shares through a regular trading plan spread out over a year to reduce the market impact. analysts say it could hint at him playing a smaller role in the company going forward. schmidt handed the reigns to larry paige in 2011. google shares down about 0.8%. still up about 11 fers, 12% over the last six months. different story than major competitor apple. >>
of the titans. >>> and japanese prime minister shinzo abe is heading to walk to talk to president obama. just what kind of reaction can abe expect from washington? we'll give you a preview. >>> before all that, let's recap what's happening in markets. we've seen more activity, in fact, higher volume over the last couple of sessions, really, than we've seen for much of the year. the volume is coming on a sell-off. u.s. markets fell yesterday following the release of the fed minutes. it was the worst day of the year for the s&p and nasdaq. as you can see, shedding 108 points there, a rare triple digit decline this year. energy and material stocks were the worst hit. all ten s&p sectors did hit the day lower. volatility on the rise. the vix rose nearly 20% on this session. the sell-off has continued overnight. the shanghai composite, the australian markets taking it on the chin. will i sixuan joins us from singapore. >> thank you, kelly. fears of an early access by the fed rocks sentiment here in asia today. the nikkei pulls back 1.4% from its 52-month high. investors remain cautious ahead of th
does and vice versa, today and this week it hasn't been holding up quite so much. now, president obama and republicans are digging in their heels just one day before the sequester kicks in. the president will host congressional leaders at the white house tomorrow, but expectations are pretty low the meeting will result in a deal to avoid the $85 billion in spending cuts. those would be phased in gradually. gun reducing costs are telling employees how furloughs would work. most federal workers require 30 days before they can be furloughed. for more joining us now is robert. welcome. just on this point about the u.s., we've seen markets not just holding up, but, in fact, doing quite well ahead of the sequester. why is that? >> well, i think there's an underlying -- there's real underlying evidence of the strength in the u.s. economy, which is partly allowing markets to look through what are clearly concerns about tightening in this economy. >> it's one thing that the u.s. is leading the recovery, perhaps leading this leg of the expansion. is it important in that sense? >> of course, the
, president obama will attempt to pitch the job to firefighters against further raising taxes on the rich. ers kin and bowls will be here with a solution to the sequester. we'll talk about google as it nears $800 a share. and the company that has written detailed reports on how the chinese are hatching american industry. will join us live in the next hour of "squawk on the street." >> all right. make your past to post nine. >> they did it with the offering. this is holding. freeport did its giant equity offering and moves all the way down. eye a buyer here. >> goldman up on gnc. >> gnc has been remarkable. this is like herbalife is a supplement company. sh a retailer people just love and i think it goes higher. >> gilliad. >> when does it quit? the answer is never in an environment where you still get slow growth and they've got a lot of good stuff in the pipes. >> biomarin. >> this is one of those companies that has been a specialist in or fan drugs. i've had them on air on "mad money." they are a remarkably good cup. >> arco. are they in apple, are they out of apple? i think they're in apple
beyonce has admitted she's lip synced the u.s. national anthem at president obama's recent inauguration. >> it was about the president and the inauguration, and i wanted to make him and my country proud so i decided to sing along with my pre-recorded track which is very common in the music industry and i'm very proud of my performance. >> the globally acclaimed singer set things straight at a news conference addressing widespread rumors she didn't sing live. she decided to use her pre-recorded track because she didn't have time to rehearse with an orchestra. she then surprised reporters at the news conference by subtly singing the anthem. beyonce is scheduled to perform at the halftime show of the national football league super bowl on sunday. she says this time she will sing live. >>> meteorologist robert speta with me now. so, robert, we've been enjoying some nice weather here in tokyo. will this continue through the weekend? >> well, gene, we have been getting that sunshine, you're right but can't get it forever here and it does look like the rain will be starting to work its way int
the beginning you mentioned listening to the silent majority, so president obama and secretary clinton have both rebalance their focus to asia-pacific, and you have worked with burma. my question is for southeast asia, will you share your vision for how to build capacity for burma and how to build burma up. also, how to work into that the code of conduct and the rule of law in the southeast asia see. would that help to resolve conflicts we are concerned about? >> i think it would for sure. since i have not had a chance to visit burma myself yet, i am probably less conversant with it than the other major cases we are working on a month but clearly there is plenty of opportunity for progress in this space and u s policy really trying to drive that. in terms of the rest of southeast asia, the way we look at future engagements, i think there probably are a couple of countries we have to be sensitive to, and that we are reviewing, but we have not gotten much beyond that stage. so, sorry not to be better informed to answer your question. >> way in the back row there. >> thank you, claudia. will davis.
congress takes action. we will talk to president obama's right hand xhan on the economy been gene sperling. and we will talk about what action or inaction means in corporate america and the markets. among our guests today, larry bossidy. he will be our guest host today. evercore's founding partner, roger altman. >>> in the headlines this morning, royalty pharma is making an $11 a share bid to acquire elon. it hasn't received a formal response, but acknowledges it has been unsuccessful so far in its efforts to engage with the drugmaker since making that offer. shares rising this morning. take a look. also today, voluntarily recalls all lots of anemia treatment in the u.s. by royalty pharma. the drug is used to treat anemia. shares of affy defendant's exhibit madz down sharply in early trading this morning. >>> and hewlett packard announcing it's making a tablet that uses google's operating system. the hp7 will be in a similar size to the amazon fire. hp had a failed attempt back in 2011 with a device based on palm's web os software when it bought that for a nice sum -- actually, it paid way
, political activist, director now, co-chair, president obama's election campaign. welcome to post 9. it's great to have you. >> thank you. >> you know how to light up a room, or a trading floor in this case. >> yeah, thank you. it was a lot of fun. this was my first time here. >> definitely the way to see it. this is the primo tour. when you get to come to the balcony. walk us through the new initiative that we have. do you have to try all of these? >> i tried more than this. i tried many, many, many flavors. i didn't try 4 million, but almost 4 million flavors were submitted to the consumers of this contest. i think the million-dollar prize attracted some people. but these are the three finalists. they're really interesting, good flavors. america gets to vote on the winner. >> can you describe what chicken and waffles tastes like? >> you don't know? have you never had chicken and waffles? >> no. >> i have, but i can't imagine it on a potato chip. >> that was a little interesting taste the first time i tasted it. but really creative. very interesting. the sarachi is nice. cheesy garlic
you had the commerce department -- obama administration, you had the commerce department saying we want these people in and the state department saying, no, we want to keep them out. the only person that can resolve that debate in government is the president in that case or the prime minister. obama based on understanding the economic impact of people not coming to the u.s. basically instructed the state department to make changes. >> china isn't helping itself with all of the headlines with hacking and its involvement in spying potentially. maybe all allegations. but if there's political concern from the top about opening whether for tourism or work more generally, this is maybe a difficult time to make the sell. >> it's difficult. that's always the excuse that the interior ministries come out with. we produced research last year just inside the g20 countries. if the u.k., india, china, and u.s. relax some of these visa policies, it would create another five million jobs, bring another $60 million of income into the countries. security forces and interior ministers need to do thei
we're here on squawk. >>> also, calls to the white house. president obama will be meeting with a dozen ceos today. and the bulls trying to battle back. it's been a good year, but now stocks coming off their worst losses this year. it's february 5th, 2013 and squawk begins right now. >>> good morning, everybody. ike becky quick along with andrew ross sorkin. joe kernen is off today so we are again joined by steve liesman. also at the table with us this morning, our guest host is andy surel. andrew just talked about the markets. stocks ending at session lows yesterday. in fact, all ten s&p sectors closed lower. yet the bulls betting this is nothing more than a bull pac. but we will have a number of powerful investors for their thoughts throughout yao the morning. jim o'neill will join us in just a few minutes. then in the next half hour, the man charged with making sdigs for how blackrock invests more than $1 trillion, the firm's chief investment strategist, russ koesterich. nouriel roubini will be joining us and we're going to ask him for his current view of the world. in t
to meet president obama and will return to japan on sunday. abe will likely pick the possible candidate after returning to japan. abe's pushing for aggressive monetary easing. he will bick a nominee who supports his vision to achieve the 2% inflation target. the leading candidates for the boj governor include toshiro muto. a another prominent county is haruhiko kuroda. the asian development bank's president for a 2% inflation target and was a top currency diplomate in the late 1990s. kazamata iowata is a strong candidate. he's an advocate of more quantitative easing. the current boj chief will step down on march 19th. back to you, kelly. >> let's get a view on this from michael plasnik. so where does the yen go from here? >> i think it's important to take into context the comments made by abe and aso. you have to reverse engineer the situation. they're not going to be able to hit a 2% inflation without a significant yen weakness. so they need the yen to weaken about 40%, auto% in order to get 4% inflation over a two-year period. so if you reverse engineer from there, you say, what do yo
.s. president barack obama later today. abe is looking for u.s. backing with japan's diplomatic disputes with china. meanwhile, abe wants to clarify the terms of entry into a trans-pacific trade pack and win america's blessing for his aggressive economic stimulus. >>> mauri taylor is standing by comments calling french workers lazy and overpaid. speaking to our colleagues on u.s. closing bell last night, he defended his decision to write a letter to the u.s. government refuse to go buy a tire company on the verge of collapse. >> the minister was trying to use us as a billy club, figuring that most ceos will not say anything. they just keep quiet. b but, you know, he picked the wrong guy and i'm going to tell him what it is. what i said was true. and they admitted it. they laughed about it, okay. and that's where this union president, this michael -- i call him spike because he's got his hair all up. they're devout commis and they said that's the french way and i said well, i'm not going to do it if it's going to lose money and that's what you're always going to do. a multi year guarantee
program. the sequester takes effect on friday. talking of which, president obama goes to virginia today to press his case for congress and republicans in particular to avoid the automatic back budget cuts that will take effect this week. he's going to be in newport news where the u.s. navy builds aircraft carriers and is submarines. house speaker john boehner says the president is using the military as a campaign prop when he should be working with senate democrats to avoid the across the board spending cuts. >> if we don't solve the spending problem here in washington, there will be tens of millions of jobs in the future that won't happen because of the debt load that's being laid on the backs of our kids and our grandkids. >> and the snooed senate is expected to vote this week on competing plans from democrats and republican toes replace the looming 8el $5 billion in budget cuts with either alternative spending cuts or a mix of cuts and new revenues. tina is still with us. tina, we got -- with italy, we ended up getting the worst case scenario. in terms of what investors were looking
does it mean for president obama's planned trade pact with the region? former imf managing director john lipsky is here to talk about that next. first as we do at this time every day, let's look how the dollar is moving right now. guess what? the dollar is up against some of these currencies, including the euro. the euro is down against the dollar at 1.3141. we'll be right back. tracy: we have breaking news from mobile, alabama. coast guard officials are saying that the disabled cruise ship, docked off the coast of alabama is now not moving because of a broken toe line. fingers crossed. the people on board are not in total mutiny right now. ashley: they have four tugboats pulling this thing. one of them broke, the carnival cruise ship triumph due in sometime tonight now. quicker to jump overboard and swim it. tracy: pull up a bunch of dinghyes to put people in? why not? ashley: i can not imagine the horror stories on board. anyway we'll continue to follow it. talking about horror stories, the euro soempb -- eurozone economy plunged at fastest pace in four years showing the crisis gr
. there is a whole food and pet spa menu are going to look at that neighborhood and say that is going to go for obama but instead it's a bunch of churches and playgrounds and a couple of kindergarten care centers you can be sure that town is granted for mitt romney. it turns out that is true. we are an enormous degree since 1970 the percentage is a landslide county which go overwhelmingly for one candidate versus the other for the presidential elections have increased. we are now about three-quarters of the country is a landslide county. it is one of the reasons that we look around and we think that we are more polarized and we've sort it out into these little communities. the point that the bishop was making and i ever reach we are not doing this on the base of the politics, people voting for the same candidates that we are but we are arguing on the basis of the lifestyle and to a large degree the lifestyle in america organized around with or not you were going to have children to read if you are not, you can live in brooklyn and have nothing but the pubs and bowling alleys and shops around you and
coming at us. we got dodd-frank, which isn't out yet, really. and we got obama care. and obama care, when you look at the complexities in that plan, health care costs are going to go up, they're not going to go down. and you've got temporary workers to deal with. retail has got a hell of a problem. going from 35 hours a week to 30 hours a week for a temporary employee. if you've got 50 employees. you want 49. there's so many complexities in these two things. so my concern about acceleration, is regulatory. warren may have a different view of that. >> interesting thing is i agree with everything jack has said, but it's -- it's i don't come away as pessimistic as he does. but he's absolutely right about, you know, about what's happening with health care, and everything. i don't disagree with a word that he said. that he said. >> and i'm not pessimistic, warren. i'm not pessimistic. i just think we -- we're at a position where we could really take off if we had the right policies. >> yeah. well i -- i -- the interesting thing kind of is that america really is doing better than the rest of th
many i doing? the campaign. he was so controversial. and then, of course, when barack obama was running, he was very not just controversial, but he went over, some said, over the edge and became really alienated from a lot of the leaders. there's no denying the force that he was in new york city. and the remarkable character that he was. >> absolutely. >> all those years. >> he was, donny, the face of new york for so long. >> he is. i grew up in the city. and i love him. and i actually think his way was an early, early precursor to probably the most, if not hillary clinton, loved politician today, chris christie, straight talking, who he is, the embodiment of a region, unapologetically, and obviously stylistically very different but kind of built from the same mold. he was one of the greatest. >> he was another of the generation of these guys, these leaders, that we're losing now to who served in world war ii, was drafted in 1943, landed on a beach in france in 1944, you know, by the time he was 20 something years old and then went on to do all these great things. and he was still, unti
you will look at the neighborhood and say that neighborhood is going to go for obama. if instead they instead they are churches and playgrounds and candor care centers you can be reasonably sure that town will vote for mitt romney. turns. turns out that is totally true. we have asserted ourselves to an enormous degree since 1970% edge of what are called landslide counties, the counties which overwhelmingly for one candidate verses the other in a presidential election has increase. -3/4 of the country is in a landslide county. for that reason we look around and think we are more polarized and we have sorted ourselves into these little communities. a point that bishop was made in that i agree with is we are not doing this on the basis of politics. but we are doing it on the basis of lifestyle and to a large degree the lifestyles of america are organized in round whether or not you will have children. if you are not going to have kids you can live in brooklyn and have nothing but pubs and bowling alleys and bookshops around you and life is great. i'm not looking my my nose down to w
secretary pitch by obama. recreational equipment. readiness. >> yes. >> interior secretary can scale mountains. >> indeed. >> when we come back, seeking shelter from the bears. we'll find out in "mad dash." we close out the week, if the dow wants to avoid the first losing week of the year, got to close at 14,009. back in a minute. [ male announcer ] i've seen incredible things. otherworldly things. but there are some things i've never seen before. this ge jet engine can understand 5,000 data samples per second. which is good for business. because planes use less fuel, spend less time on the ground and more time in the air. suddenly, faraway places don't seem so...far away. ♪ all stations come over to mithis is for real this time. step seven point two one two. verify and lock. command is locked. five seconds. three, two, one. standing by for capture. the most innovative software on the planet... dragon is captured. is connecting today's leading companies to places beyond it. siemens. answers. minutes until the last opening bell of the week. let's get cramer's "mad dash." we'll talk
're going go for obama. instead there are a bunch of churches and playgrounds and a couple of kindergarten center you can be sure they're going to vote for mitt romney. that's true. we inserted other to an enormous degree. the% age the landslide counties that go for one candidate or another in the presidential elections have increased. we're at three quarter of the country is -- and that's one of the reasons we look around and think we are more polarized. we have sort the ourself to the little communities. the point the pitch bishop is making we are -- same dhaid we are. but we are doing on the basis of lifestyle. and to a large degree lifestyle in america are organized whether or not you have children. and if you're not going to have kids you can live in brooklyn and have nothing but gas to -- the shops around you and life is great. i'm not looking down my nose what the life is like. if you decide you have a couple of kids and send them to school and helps to be near a buy buy baby and make sure you're a good school district. and, you know, again we had pet spas and pubs and there was no
'll solve it. i was with peggy noonan this weekend on "meet the press." they say obama just wants to scare us, congress wants to scare us too. we're tired of it. we recognize -- roger was on this morning and he said, people are going to wake up and say, wow, the national parks are closed? no, there's not enough -- yes, long lines and travel. maybe take the train for change, maybe get in the car. i just don't think that there is enough to scare us yet. meanwhile, the defense stocks are red-hot. uss truman has to stay docked, can't go to the gulf. let's get some priorities, navy. 250 golf courses, really nice. >> the other side, comes up with bernanke tomorrow, maybe things are better than the market anticipates. and then how does he actually stop it and can he successfully do it so we don't get a huge backup in rates. >> it is a real worry. >> it's got to be. >> of all the people who are going to talk about it, isn't bernanke the guy you want tomorrow if you're a bull in this market? he's likely to go up there more so than some of the other speakers who have been out and around and here and
starting monday above the 14,000 mark. president obama says our economy is poised to expand. >> 2013 can be a solid year of solid growth, more jobs, and higher wages, but that will only happen if we put a stop to self-inflicted wounds in washington. >> in this morning's weekly address, the president called on congress to work together on a balanced approach to reduce the deficit and promote economic growth. he says businesses created 2.2 million jobs last year. mr. obama suggests economic reforms including reducing the cost of healthcare programs like medicare and closing loopholes in the tax code. >>> first time in five years that the dow closed above 14,000. the industrial average had dropped to as low as 6600 in 2009. analysts credit increased consumer confidence, manufacturing, and auto sales for the recent stock market surge. >> we're moving in the right direction and compared to a lot of other countries, i think we're in a good position. >> the economy has improved, so some people have a little bit more money. what do you do with that money? you could put it in the bank, but you ea
journey goes forward, and the state of our union is strong. >> tuesday, president obama delivers this year's address live on c-span. with our preview program starting at 8:00 p.m. scene the president at 9:00. followed by the g.o.p. response and your reaction. the state of the union, tuesday night on c-span, c-span radio, and c-span.org. >> on tuesday, british lawmakers and in the house of commons voted in favor of a bill to legalize same-sex marriages in the uk. the bill also includes provisions to protect religious organizations and individuals from being force to con conduct same-sex marriages. the bill must still be approved by the house of lords. here's a 90-minute portion of the debate. >> the marriage same-sex couples bill be now read a second time. mr. speaker, you and i know that every marriage is different. indeed, any husband or wife as a member of this house has a very disdistinct set of challenge to face every day but what marriage is a life long partner to toe share our journey, a loving stable relationship to strengthen us, and a mutual support throughout our lives. i believe
, they voted to put taxes up on the rich. what obama campaigned on. >> i don't necessarily agree with that the republican party made a loft mistakes. obama won the election happenedly. on this particular issue, the number of cut suss half of what you're talking about and if we can shrink the government and it's been shrinking slowly, it's good for the private sector, it's pro groul growth and i think the sequester is not to be feared. actually going to help economy and the stock market. >> defense sector, for instance, is held up under cliff worries. see how it is under these worries. >> the worst case scenarios ain't gonna happen. i have been through this when i worked for flaengt budget bureau. not going to be a government shutdown. there's going to be a continuing resolution. and they are going to reallocate from defense to non-defense. this story is going to turn out good, not bad. that's my point. going to be a plus story, not a bad story. >> larry, thank you for coming in. be sure to catch larry, "the kudlow report," every week night at 7 p.m. eastern time. coke just tanked
campaigns and that's enough to by 20 boeing 757s, or 50 private islands. that includes president obama and mitt romney as well as congressional candidates around the country. committees like the rnc and dnc spent $22 billion, and super packs spent another $22 billion, and election officials are still adding that number up, and this could be the first time outside groups spent more than political parties. >>> huh recall doua huh raueral. he could be a candidate. he supports gay rights and gay marriage. he already scoped out his potential opponents. check it out. >> i am and i have been in touch with some people in the republican party in new jersey, and i am truly contemplating running for senate against frank lattenburg or cory booker. >> that should be an interesting race. >>> secretary hillary clinton is hours away from leaving office. she says she is ready for rest after logging almost a million miles in the air as the nation's top diplomat. she is set to deliver her farewell speech in the next hour to the folks that she said in the department over the last four years, and her succe
what the impact of obama care really is on the sector. back to you guys. >> all right. thank you, josh lipton. apple is not participating in the broader rally over the past three months. will that change anytime soon? find out how you should be playing apple and the rest of the tech sector right after this break. [ male announcer ] let's say you pay your guy around 2% to manage your money. that's not much, you think. except it's 2% every year. go to e-trade and find out how much our advice and guidance costs. spoiler alert: it's low. it's guidance on your terms, not ours. e-trade. less for us. more for you. [ kitt ] you know what's impressive? a talking car. but i'll tell you what impresses me. a talking train. this ge locomotive can tell you exactly where it is, what it's carrying, while using less fuel. delivering whatever the world needs, when it needs it. ♪ after all, what's the point of talking if you don't have something important to say? ♪ >>> about an hour into trading. 7:31 on the west coast, 10:30 on the east coast. acme packet shares rallying on the news, up 22%. blackbe
weeks ago. you've got the fiscal cliff issue resolved, and probably more importantly, president obama seems to have pulled the republicans' fangs with respect to the debt ceiling. that's probably the big risk that the market was worried about. >> you made recent changes to your 2013 allocation strategy. some of them are interesting. high volatility u.s. large caps and micro cap stocks. it would seem you're increasing the beta place. when you say u.s. large cap volatile stocks, what do you mean by that? >> well, we believe that there's an evolution in the asset classes that investors are going to be tapping into in the next decade. you know, if you look back over the last 20 years, people spent a lot of time arguing, what was the value stock, what was a growth stock. and a lot of times it was in the eye of the beholder. volatility is a much more objective mesh yasure of what a stock is. you can do very good long term, 80 and 90-year analysis of what this asset class means. and right now, we show high volatility stocks have been beaten down very, very much in the rally, relative to low
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